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Smartwatch Market By Operating System (watchOS, Tizen, Android, RTOS), By Gender (Men, Women), By Distribution Channel (Online, Offline) - Growth, Future Prospects And Competitive Analysis, 2018 – 2026

Increasing functionality and new product launches are positively influencing the growth of the smartwatch market.

The smartwatch market was valued at $12.45 billion in 2017 and was expected to grow at a CAGR of 16.4% from 2017 to 2026. A smartwatch may be defined as a portable device that's designed to be worn on the wrist. Similar to smartphones, smartwatches use touchscreens, offer apps, and often record heart rate and other vital signs. One of the most important factors contributing to the growth of the smartwatch market can be attributed to improvements in the functionality of wearable technology. This has helped to expand the outreach of these devices to a much broader market. Moreover, the fact that many smartwatch manufacturers are presenting smartwatches as fashion pieces is expected to increase their popularity among less technology-savvy consumers. Rising net disposable income is another prominent factor aiding the growth of the smartwatch market. However, the high price of these devices, as compared to traditional watches, might offset their demand during the forecast period.

Market Synopsis

Online will grow at the fastest rate in the coming years.

In terms of distribution channels, the online distribution channel is expected to witness the fastest growth during the forecast period from 2018 to 2026. Some of the important factors supporting the segment's growth can be attributed to the availability of lucrative offers through online platforms, the wide availability of products, and faster delivery. Moreover, in recent years, acceptance and penetration of e-commerce have been on the rise, a factor further contributing to the online segment's growth.

Asia Pacific will continue to be the most profitable market for smartwatch manufacturers to invest in.

In terms of growth rate, the Asia Pacific market is expected to witness the fastest growth during the forecast period from 2018 to 2026. Rising net disposable income coupled with changing lifestyle patterns complement the smartwatch market's growth in the region. The presence of a large number of smartwatch manufacturers in the region, such as Huawei, Xiaomi, and Asus, among others, is further supporting the growth of the market. North America stood as the largest market for smartwatches in 2017.

Report Scope by Segments

The report elucidates the detailed outline of the global smartwatch market by categorizing the market in terms of an operating system, gender, distribution channel, and geography.

Key players profiled in the report include Apple, Inc., Sony Corporation, LG, Samsung Electronics, Huawei Technologies Co., Ltd., ASUS, Fossil, Xiaomi, Michael Kors, and Garmin, among others.

Key questions are answered in this report.

  • What was the global smartwatch market size in 2017, and what is the forecast for 2026?
  • What are the current trends in the smartwatch market?
  • What are the various valuable opportunities for the players in the market?
  • Which is the largest regional market for smartwatches?
  • Which region is expected to have the fastest growth and why?
  • What are the future prospects for the smartwatch market?
  • What are the major drivers and restraints influencing the market's growth?
  • What are the new innovations by the leading players?
  • What are the key strategies adopted by the leading players in the market?

Frequently Asked Questions:

The market for Smartwatch Market is expected to reach US$ 12.45 Bn by 2026.

The Smartwatch Market is expected to see significant CAGR growth over the coming years, at 16.4%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Apple, Inc., Sony Corporation, LG, Samsung Electronics, Huawei Technologies Co., Ltd., ASUS, Fossil, Xiaomi, Michael Kors, and Garmin are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jan 2019
Category:  Technology & Media
Report ID:   59529
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
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